Britt Clark
Easement Issue - Sewer and Water Drain
I found an off market deal with a seller who is willing to do owner financing. The seller disclosed the property sits on two easements, one for a water drain and the other for sewer. I am concerned with being able to ...
Will Barnard
Owner vs. tenant paid utilities
This is a debate that occurs often in the 50% rule.
Some argue that with owner paid utilities, your expense ratio could very well be much higher than the average 50% while others argue that the rental rate increase fo...
Josie Zimmermann
Restoring duplex into SFH
I am looking at potentially restoring a 1915 brick 2-story home. It was converted into a duplex with exterior access (exclusively) to the upper space. My hope is to leave the exterior access and simply reopen the orig...
Rich Somers
Currently negotiating first multi family deal and have questions
So I'm currently in negotiations for my first multi family property (5 units & up). I wrote an offer yesterday, and today the seller countered. Before I counter the seller, I am trying to more accurately nail do...
Marcus Tam
Rental Question - pay $6k more to split utilities?
HI everyone, I am gearing up to rent my ADU out and currently, electricity and gas coveres both the ADU and the front house where i sleep. Should I pay an extra $6k for seperate electrical and gas pipelines so that th...
Suduk N.
Separate heat and hot water in a 3 flats
I'm about to close a MFH in Chicago. It is a 2 flats with a legal basement making it a 3 units property. It has 3 electrical boxes and 3 gas meters. Currently, there is only 1 huge old gas hot water furnace that se...
Marti Munford
Utilities... who pays and what's included?
Hi everyone!I'm on a quest to learn as much as I can in 2017 and buy my first deal by end of year or early 2018 in the ATL area.I'm running analysis on 2-3 deals a day and I keep getting stuck on utilities. When I was...
Tyler Parish
Duplex heating options - Shared or separate systems?
Hi guys,I would like some advice. I have a duplex that I am remodeling. The basement is down to studs and I want to come to a decision on the HVAC. Currently the entire house is on an electric forced air furnace. I wa...
Lauren Simmers
Rental Utilities- who should pay?
We are looking for deals, but the question comes: should tenants pay for utilities: mainly electric & heating oil or would you have the expenses calculated in the monthly rent? We bounced this back an forth but ne...
Andre Lewis
Should landlord or renter cover utilities?
Hoping to get some thoughts on landlord vs. renter paying utilities. I plan on not including utilities in rent, but want to get different perspectives on the topic. Thanks!